BROOKFIELD, Wis. - (07/19/06) Fiserv said Tuesday it hasextended the nations largest check-clearing network to theNortheastern part of the U.S. through an agreement withBankers Bank Northeast as a settlement partner. The dealwill make Bankers Bank the settlement bank forFiservs item processing centers throughout New England. Inorder to facilitate clearing through the Federal Reserve system,Fiserv needs a bank certified by the Fed to provide thesettlements. Fiserv is the largest third-party check processor inNorth America, handling more than four billion checks for more than1,6000 clients a year. The company operates more than 50check-processing centers across the country.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6 -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
February 6 -
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





